Ares Management Closes $4.7BN Fourth Fund
Los Angeles-based investment firm Ares Management has held the final close of its $4.7bn fourth fund.
Ares Corporate Opportunities Fund IV, L.P., which had an initial target of $4bn, will continue to make majority or shared-control investments, principally in middle market companies with strong business franchises and in situations where its capital can serve as a catalyst for growth.
The Ares Private Equity Group is led by David Kaplan and Bennett Rosenthal. It has already invested in GNC, LyondellBasell, 99¢ Only Stores, Nortek, Serta, and Simmons.